August 22 Ether intraday analysis

Ether formed a bottom model yesterday and tested it with a pullback, still bullish! Before the US stock market opened yesterday, the trend was also establishing a bottom, and then it followed the US stock market and kept rising until it encountered a resistance line. Just at this time, the hawkish remarks from Fed's Harker caused the entire market to decline; otherwise, the market could have continued to soar. Finally, it came down, pulling back to the key level we provided around 4200!

Today, Ether has surged from our key point at 4200, and now it has encountered a resistance level. If it breaks through, the path ahead looks bright and smooth, allowing it to rise to even higher and better positions! If it can't break through, it will need to return to the vicinity of 4225 to test whether it can continue to rise!

Support below Ether: 4225-4150-4036-4000 Resistance above Ether: 4400-4560-4670! I personally have a bullish outlook and hope everyone lowers their leverage or holds Ether in spot, otherwise you will miss out on a good increase! You can hold a small amount, but you must have some! #ETH#